Car Deal Canada

AutoCapital Canada Car Loan Rates

AutoCapital Canada Car Loan Rates
AutoCapital Canada Car Loan Rates

AutoCapital Canada Car Loan Rates

About AutoCapital Canada

AutoCapital Canada car loan rates can vary based on credit.

Auto Capital Canada is a national auto financing company that assists Canadians with less than perfect credit in financing new and used vehicles. They offer flexible lending programs tailored for individuals with poor credit or no credit history, striving to meet the needs of those underserved by traditional financing institutions. 

With a strong presence across the country, Auto Capital Canada empowers customers to secure car financing that aligns with their unique financial situations. They are dedicated to making car ownership accessible and attainable, providing viable solutions and exceptional service to help customers achieve their dream of owning a vehicle.

About AutoCapital Canada

AutoCapital Canada car loan rates can vary based on credit.

Auto Capital Canada is a national auto financing company that assists Canadians with less than perfect credit in financing new and used vehicles. They offer flexible lending programs tailored for individuals with poor credit or no credit history, striving to meet the needs of those underserved by traditional financing institutions. 

With a strong presence across the country, Auto Capital Canada empowers customers to secure car financing that aligns with their unique financial situations. They are dedicated to making car ownership accessible and attainable, providing viable solutions and exceptional service to help customers achieve their dream of owning a vehicle.

10.49%

On Approved Credit

Current Lowest AutoCapital Canada Car Loan Rate

AutoCapital Canada Current Used Car Loan Rates

Tier 1

Starting 10.49%

OAC

Tier 2

Starting at 14.24%

OAC

Tier 3

Starting at 17.24%

OAC

Tier 4

Starting at 19.99%

OAC

Tier 5

Starting at 21.49%

OAC

Tier 6

Starting at 23.99%

OAC

Car Loan Application showing Source One Car Loan Rates

AutoCapital Canada Car Loan Calculator

Want to find out what your payments would be with an AutoCapital Canada Car Loan? 

Easily estimate your monthly payments using our user-friendly car loan calculator. Input your desired rate from the provided rate sheet and tailor the terms to your preferences. Staying within your budget is crucial when searching for your dream car, and our specialized payment calculator is precisely designed to ensure just that. Gain valuable insights into your payments, ensuring your chosen car loan rate aligns perfectly with your financial goals.

At AutoCapital Canada, they are committed to helping Canadians with less than perfect credit secure car loans. Their expertise lies in providing fast, professional, and dedicated credit decisions, making car financing accessible to those facing credit challenges. With AutoCapital Canada as your trusted partner, embark on your car ownership journey with confidence, knowing you have secured a great car loan. Experience exceptional service and personalized solutions as they guide you toward a seamless and stress-free car financing experience. Let them be the key to turning your car ownership dreams into reality.

AutoCapital Canada Questions?

AutoCapital Canada is a national auto finance company that provides financing options for consumers with poor or no credit history. They offer competitive interest rates on auto loans ranging from 10.49% to 29.99% for terms up to 84 months. AutoCapital Canada has over 20 years of experience serving the subprime lending market in Canada. They work with a network of dealerships across the country to help connect consumers to vehicles and financing.

AutoCapital Canada offers a few different loan options depending on your credit profile:

 

– New car loans – For brand new vehicles with interest rates starting at 10.49%

– Used car loans – For used vehicles up to 10 years old with rates starting at 14.24%

– Lease buyout loans – To finance the remaining payments on your current lease

– Refinancing – Lower your rate by refinancing your current auto loan

 

Loan terms range from 12 to 84 months. AutoCapital Canada can finance vehicles up to 10 years old with up to 200,000 km.

AutoCapital Canada offers tiered risk-based pricing, meaning your interest rate will depend on your credit profile. Here are their approximate rate tiers:

 

– Tier 1 (Prime+): 10.49%

– Tier 2 (Near Prime): 14.24%

– Tier 3 (Non-prime): 17.24%

– Tier 4 (Subprime): 19.99%

– Tier 5 (Deep subprime): 21.49%+

 

So if you have good credit, you can qualify for rates around 12%. With poor credit, expect rates between 15-30%.

Applying for a car loan with AutoCapital Canada is simple:

 

  1. Find the vehicle you want either at a dealership, private sale, or AutoCapital Canada’s online inventory.
  2. Complete a quick pre-qualification form online or apply directly through the dealer.
  3. Get approved in minutes – many applications are instantly approved if you meet eligibility criteria.
  4. Review loan terms and e-sign documents online.
  5. Pick up your vehicle once approved!

 

The whole process from application to funding can be completed in a few days in most cases.

AutoCapital Canada specializes in financing consumers with credit challenges, but having a minimum credit score helps. Here are general guidelines:

 

– Tier 1 rates: 650+ credit score

– Tier 2 rates: 600-649 credit score

– Tier 3 rates: 550-599 credit score

– Tier 4 rates: 500-549 credit score

– Tier 5 rates: <500 credit score

 

They will work with all credit profiles, but the lower your score is, the higher your interest rate.

Yes, AutoCapital Canada provides financing for private sale vehicles. Their approval is based on your creditworthiness, not the vehicle’s value. To qualify:

 

– The vehicle must pass a safety inspection

– The loan amount is based on the vehicle’s wholesale value

– The seller must provide ownership documentation

 

AutoCapital Canada has a network of inspectors and will walk you through the private sale process if approved.

Yes, AutoCapital Canada and other subprime lenders work with first-time borrowers with no credit history. Without a credit score, lenders look at things like:

 

– Your income and employment

– How long you’ve lived at your current address

– Any bank accounts or loans you may have

 

While interest rates are higher without a credit score, it’s still possible to get approved. Having a co-signer with good credit also improves your chances.

Here are the basic documents required:

 

– Proof of income – Recent pay stubs, tax returns, disability/pension statements

– Government-issued ID – Driver’s license, passport, etc.

– Proof of address – Utility bill, bank statement, rental agreement

– Down payment – At least $1,000 recommended

 

AutoCapital Canada also allows co-signers if needed. The co-signer will need to provide the same documentation.

Many AutoCapital Canada loan applications get instant approval if you meet the basic eligibility criteria. They provide approvals in as little as 60 seconds in some cases.

For applications requiring further review, you can typically expect a decision within 1 business day. Once approved, you can complete the remaining documentation and pickup your vehicle quickly.

Yes, AutoCapital Canada approves auto loans for consumers on ODSP, CPP disability, workers compensation, and other income assistance programs. To qualify:

 

– Provide proof of benefits/income statements

– Have a valid government-issued ID

– Have a down payment of at least $1,000

– Meet other standard eligibility criteria

 

As long as you have steady benefits income, you can get approved even on disability or social assistance.

AutoCapital Canada offers loans ranging from $5,000 up to $150,000. The maximum will depend on factors like:

 

– Your income level

– Credit score and history

– Debt-to-income ratio

– Value of the vehicle

– Location in Canada

 

In most cases, you can borrow up to a maximum of 125% of the vehicle’s wholesale value.

Yes, AutoCapital Canada specializes in financing vehicles for gig economy work like Uber, Lyft, food delivery, and other rideshare platforms.

 

To qualify, you’ll need to provide:


– Proof of rideshare income

– Valid driver’s license

– Vehicle inspection certificate

– Commercial usage insurance

 

As long as you meet their income and credit requirements, you can get a car loan approved for rideshare driving.

AutoCapital Canada provides nationwide financing. They have helped Canadians get car loans in:

 

– Ontario

– British Columbia

– Alberta

– Quebec

– Nova Scotia

– Manitoba

– Saskatchewan

– New Brunswick

– Newfoundland & Labrador

– Prince Edward Island

 

As long as you are a Canadian resident, you can apply for a loan anywhere in the country.

An AutoCapital Canada car loan can help rebuild your credit in a few ways:

 

– Making consistent on-time payments builds positive payment history

– Having an open installment loan helps improve credit mix

– Keeping your credit utilization low avoids maxing out limits

– Getting approved at reasonable rates despite poor credit

 

As long as you make payments on time and keep your balances low, your credit score can improve over the loan term.

AutoCapital Canada is upfront about their fees, which may include:

 

– Origination fee – Typically $495-$795

– Documentation fee – Ranges from $99-$495

– Lien registration fee – $69 in most provinces

– Discharge fee – $300+ at end of loan

 

There are no prepayment penalties if you pay off your loan early. Make sure to review all fees at the time of application.

You can reach AutoCapital Canada’s support team by:

 

– Phone – 1-877-534-1508

– Email – support@autocapitalcanada.ca

– Mail – AutoCapital Canada, 5650 Yonge St. Suite 1502, Toronto, ON, M2M 4G3

 

Support hours are Monday to Friday from 9am to 5pm EST. You can also initiate contact requests from their website. Question 1: What is AutoCapital Canada?

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